Mr Girish Chandra Chaturvedi
Member- Warehousing Development and Regulatory Authority
Mr. Girish Chandra Chaturvedi IAS served as the Secretary of Ministry of Petroleum and Natural Gas. He has a rich and wide administrative experience of more than 35 years. Mr. Chaturvedi has extensive expertise and specialization in Energy, Banking & Insurance, Finance & Accounts (Tax, Finance Comptroller for CWG), Medical, Textile, and Planning. He served as Additional Secretary, Department of Financial Services, Ministry of Finance of Govt. of India.
He has held various senior level positions with Government of India including Special Director General (Finance & Accounts) in the Commonwealth Games 2010, Mission Director National Rural Health Mission, and Joint Secretary(Banking and Insurance). He worked in the Government of UP in Planning Department for four Years, as District Magistrate for three Years, as Managing Director of State Spinning Co. for three Years, as Sales Tax Commissioner for two Years, as Secretary to Chief Minister for three years and as Secretary of Family Welfare for one Year.
He has been the Chairman of Petronet LNG Ltd., Indian Strategic Petroleum Reserves Ltd.(ISPRL) and Oil Industries Development Board(OIDB). Mr. Chaturvedi has served as Government Nominee Director on the Boards of Life Insurance Corporation(LIC) of India, GIC Re of India, Canara Bank,Bank of Baroda, IDBI Bank Ltd., IDFC Ltd., New India Assurance Company Ltd., United India Insurance Company Ltd.,Agriculture Insurance Co. of India Ltd, Institute Of Banking Personnel Selection and National Insurance Academy Pune.
Mr. Chaturvedi holds an M.Sc. in Physics from Allahabad University, and M.Sc in Economics (Social Policy and Planning in Developing Countries) from London School of Economics and Political Science, UK.
Mr. T P Rao
Dy. General Manager (Geophysics) & Head (NELP&NDR) Directorate General Of Hydrocarbons
Mr. T.P Rao, MSc (Tech)-Geophysics &MBA (Human Resource Management)has got an enriched experience of 31 years in various E&P activities of Oil & Gas industry.
He is presently the Dy. General Manager(Geophysics) & Head(NELP&NDR)in Directorate General of Hydrocarbons, Ministry of Petroleum & Natural Gas, Government of India. He has promoted and helped in awarding of oil & gas Exploration acreages under NELP during the last 8 years. He has been an active participant in training programmes on General Management, Project management &Seismic data Acquisition & Processing. With his expertise and vast knowledge he has also delivered various Training programmes on various E&P activities of oil & gas industry.
Mr. Deepak P Mahurkar
Director and Leader Oil & Gas, PricewaterHouseCooper- India
Mr. Mahurkar is a Mechanical Engineer, PG in Finance and in Marine Engineering. He leads the oil & gas industry practice in PricewaterhouseCoopers India.
During his 24 years of professional career Mr. Mahurkar has gained diverse Consulting, technical, marketing, commercial and sales experience in the petroleum, distributed power generation and marine industries
In consulting, his experience spans creating attractive investment regime, managing business entry, turning businesses sustainable and improving operational efficiencies.
He holds a Membership in Petroleum Policy & Legislations Committee and Planning Committee – Petroleum Federation of India. He is a member with Energy Security Working Group Hydrocarbon Committee – FICCI,
Mr. Mahurkar has spoken in many international and numerous national conferences. He has been part of delegations for visits for investors’ road shows and advisory meetings. He contributes to public consultation and debate through articles in international, national print media and local industry journal visual media debates.
Mr Rajesh Bagaria
Chief Manager, GAIL (India) Limited
Mr. Rajesh Bagaria, Chief Manager (Exploration & Production) is working for GAIL for the past 20 years. He completed his Bachelor’s degree in Petroleum Engineering from Indian School of Mines, Dhanbad during the year 1994.
He joined GAIL (India) Limited in 1994 and since then he has varied experience in Exploration & Production, Merger & Acquisition and Gas Processing functions. Mr. Bagaria has been involved in GAIL’s key overseas acquisitions including shale gas asset in the USA, upstream assets in Myanmar and bidding in NELP Rounds. He has played a key role in formulation of Strategy for E&P activities.
In the present assignment as the Chief Manager (Exploration & Production), he is contributing actively towards GAIL’s efforts to own sources of hydrocarbon.
The non- attractive policy perspectives coupled with poor data quality and data non-availability failed to attract investors in the bidding of Oil and Gas blocks till NELP IX.
In view of such a discouraging response, a thorough review of Petroleum Exploration policy was made by Govt. of India and as a result of continuous deliberations with different Ministries, NELP(New Exploration Licensing Policy) was formulated in 1997 with more attractive fiscal and contractual terms and incentives. The First NELP round was announced in 1999.Till date,360 Exploration blocks have been offered ,of which 254 blocks are awarded under nine bid rounds of NELP. The NELP-X Round has recently been formulated under which altogether 46 Exploration Blocks are identified. Of these 17 blocks are located onland,15 are in shallow offshore waters and 14 are in Deep waters encompassing 13 sedimentary basinal areas. The Notice of tender is awaited.
The NELP-X Bid round is being watched with a sense of conundrum for many reasons. However, in all likelihood, auctions for oil and gas blocks under the New Exploration Licensing Policy 's (NELP) 10th round did not take place during the term of the last government. The reason is a lack of consensus among various arms of the government.
Diligentia has taken a proactive step and is coming up with an RTC on NELP-X: Impact of policy initiatives on Perceived response to Bid Round†to deliberate on the issues relating to NELP-X like most favourable policy, incentive schemes, industry perspective by bringing the Industry stalwarts, technical Experts, Policy makers and participating audience together on a common platform. It is proposed to compend the deliberations and forward the same to the Ministry for its view.
